Stock Track | Kingsoft Cloud Soars 7.14% Pre-Market on Robust Q3 Financial Results, Accelerated Growth

Stock Track

2024-11-19

Kingsoft Cloud Holdings Ltd (KC) saw its stock soar 7.14% in pre-market trading on Tuesday, November 19, 2024, following the release of its unaudited third quarter 2024 financial results.

The results showed accelerated revenue growth and robust expansion of gross profit and EBITDA profit for the company. Highlights included: - Positive operating cash flow of RMB 228.4 million (USD 32.5 million) - Decreased cash usage in financing activities - Overall strong financial performance and growth metrics

The impressive financial results and growth trajectory demonstrated by Kingsoft Cloud likely contributed to the significant pre-market rally in its stock price, as investors reacted positively to the company's robust performance and future growth prospects.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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